Third Quarter Newsletter 2022 Sectoral Risk Assessment on Legal Persons & Arrangements

The FSRC – Nevis Branch conducted a risk assessment of all legal persons and arrangements
registered in Nevis in accordance with the requirements of Immediate Outcome 5 of the FATF
Methodology for Assessing Technical Compliance with the FATF Recommendations and
Effectiveness of AML/CFT Systems.

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Second Quarter Newsletter 2022- AML /CFT Challenges, Trends & Threats

Each regulated entity has an implicit responsibility to prevent money laundering and terrorist/proliferation financing attempts at their businesses. In response, global regulatory bodies have emerged with more stringent anti-money laundering compliance requirements to identify and eliminate the risk of such criminal activities.

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First Quarter 2022 Newsletter- The Nevis Trust and Corporate Service Providers (TCSPs) Updated Sectoral Risk Summary(Part 2)

The FSRC – Nevis Branch is pleased to report that the total revenue generated by the Nevis financial services sector in 2021 was $20,439,346.65. This represents an unprecedented increase of 75% over 2020’s revenue of $11,666,513.64.

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First Quarter 2022 Newsletter- The Nevis Trust and Corporate Service Providers (TCSPs) Updated Sectoral Risk Summary(Part 1)

During 2021, a total of 1,839 new entities were incorporated/ registered in 2021. The Table below outlines the differences between incorporations for the years 2021 and 2020. Overall, there has been a 23% increase in the total number of incorporations/ registrations for 2021 when compared to incorporations in 2020. As seen in the Table where the percentage changes are shown, registrations in 2021 increased in all of the product areas.

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